Trader flips $85 into $2M on Robinhood Chain meme coin
A crypto trader turned about $85 (0.05 ETH) into more than $2 million on paper by buying the CashCat meme coin on Robinhood Chain before the network’s mainnet was publicly announced. It matters because it shows how quickly a new chain’s first “hot” coin can attract liquidity—and how fast the risk can spike too.
According to Yahoo Finance, an Ethereum address beginning with “0xeEE2” bought roughly $85 worth of CashCat on June 18, receiving about 17.4 million tokens. Just over three weeks later, Yahoo reported the position had ballooned to more than $2.3 million as the token’s market cap rose to above $138 million at the time of writing, with each token around $0.138.
For more coverage like this, visit our Fintech & Crypto Alerts hub: https://blasterpost.com/category/fintech-crypto-alerts/.
Key Takeaways
- Early entry, huge swing: One wallet reportedly turned about $85 into a multi-million-dollar CashCat position on Robinhood Chain.
- Profits were partly realized: Yahoo said the wallet sold about 4 million tokens and realized roughly $585,000 in profits.
- Risk is the headline too: The same move relied on a sharp market-cap surge—and meme-coin prices can reverse just as quickly.
- Where people trade matters: MEXC describes CASHCAT trading via spot and futures markets, underscoring how access can shape participation.
What exactly happened with the $85-to-$2 million trade?
Yahoo Finance reported that the “0xeEE2” wallet bought CashCat with 0.05 ETH (around $85) on June 18, before Robinhood formally announced the public launch of its network mainnet. That buy equated to about 17.4 million CashCat tokens at the time.
As the token surged, Yahoo said the position’s paper value climbed above $2.3 million. Yahoo also noted the token had been higher: at a market cap above $142 million, the wallet’s full balance would have approached $2.5 million.
Why does this coin’s rise matter beyond one lucky wallet?
The story is less about a single address and more about what can happen when a new chain gets its first viral meme asset. Yahoo reported that Robinhood CEO Vlad Tenev even weighed in on X, writing that while the company is building “robinhood chain” to be the best chain for real-world assets, “it works great for memes too.”
That kind of attention can accelerate trading activity—but it also concentrates risk. Yahoo’s numbers show how rapidly valuations can inflate (and how quickly they can change) in a market driven by momentum.
Did the trader actually cash out, or is it all paper gains?
Yahoo Finance reported the wallet had been “systematically” selling into the rise. Specifically, it said the trader dumped around 4 million CashCat tokens to realize about $585,000 in profits, citing on-chain analytics platform DEXScreener.
At the time of Yahoo’s reporting, the wallet still held about 12.3 million tokens, valued around $1.6 million.
How does MEXC describe CASHCAT and its trading?
On its info page, MEXC describes Cash Cat (CASHCAT) as “a meme coin on Robinhood Chain.” MEXC also frames CASHCAT trading in standard market terms: spot trading (owning the tokens after purchase) and futures trading, depending on risk preference.
Readers can review MEXC’s overview here: https://www.mexc.co/price/CASHCAT/info. As always with meme coins, volatility is part of the package—and big wins can be matched by fast drawdowns.